Manickamtraders

#Banknifty directions and levels for NOV 23

NSE:BANKNIFTY   NIFTY Bank Index
"Good morning, friends! As of November 23rd, there is no significant difference from the last session. The global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. After that, even if the market takes a pullback, we can't expect a big move that doesn't break the immediate resistance. At the same time, if it rejects around the immediate resistance, then it will turn into a range market. On the other hand, if the gap-up doesn't sustain or if it opens gap-down, we can expect the same range market sentiment, and correction will occur when the market breaks yesterday's low."

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